EconomyBitcoin miners sign $100 billion in AI deals, but little revenue has arrived
Bitcoin miners have signed more than $100 billion in AI contracts while producing only about $1.1 billion in annualized revenue. CoinShares says over 4 gigawatts of AI and HPC capacity is contracted, but roughly 550 megawatts is billing. Investors are rewarding the pivot because grid-connected power has become scarce, despite costly retrofits and the loss of some mining operations.
Bitcoin miners sign $100 billion in AI deals, but little revenue has arrived
Economy